IRC Limited has announced a proposed share consolidation, where every ten existing shares will be consolidated into one consolidated share. The company aims to adjust the board lot size for trading on the Hong Kong Stock Exchange from 2,000 existing shares to 4,000 consolidated shares. This move is intended to maintain a reasonable trading amount for each board lot and attract a broader range of investors, thereby broadening the shareholder base. The Board believes that this consolidation will not adversely affect the financial position of the group or the relative rights of shareholders.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.